Seaview Energy Inc. Announces Closing of Bought Deal Financing

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Seaview Energy Inc. (TSX VENTURE:CVU.A) (TSX VENTURE:CVU.B) ("Seaview or the Company") is pleased to announce that it has successfully closed a previously announced bought deal financing led by GMP Securities L.P. and including Dundee Securities Corporation, Macquarie Capital Markets Canada Ltd., Blackmont Capital Inc. and FirstEnergy Capital Corp. Including the over-allotment option, a total of 2,899,000 Class A Shares were issued (the "Class A Shares") at a price of $3.45 per Class A Share for aggregate gross proceeds of $10,001,550.

Gross proceeds from the sale of the Class A Shares will be used to fund capital expenditures and for general corporate purposes.

The Class A Shares will be subject to a four month hold period from the date of closing of the private placement.

Seaview is a Calgary, Alberta based company engaged in the exploration, development and production of conventional crude oil and natural gas reserves in Canada. Seaview's strategy is to build shareholder value through a balance of exploration and development drilling complimented by a focused acquisition program. Seaview's initial core focus area is in the Peace River area of northwest Alberta.

The securities being offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, for the account or benefit of, U.S. Persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to purchase securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.